Automotive News

Trump sees progress on NAFTA, then threatens a 20% tariff on cars from Europe
Another week went by and another round of threats were fired by President Donald Trump concerning trade and the automotive industry.  First, Trump said on Tuesday that progress was being made in slow-moving talks to update NAFTA, but he held out the prospect of striking bilateral pacts if a three-...
Auto industry investments exceed US$100 billion in current presidential term: Ernst & Young
The investments of automotive industry in Mexico already exceed US$100 billion in the current presidential term, averaging US$20 billion per year between automakers and manufacturers of tires and other petroleum derivatives, as well as suppliers of auto parts in general. This was stated by Andrés ...
In auto industry, El Bajio states stop competing and learn to complement each other
For the state of Guanajuato, which has been the epicenter of Mexico's automotive boom in recent years, the key to attracting foreign investment is that El Bajio states, the central zone of the country, learned to complement instead of competing with each other for the projects. This was stated by go...
US, Canada companies eye on Mexico to build electric commercial vehicles
Two companies from Canada and the United States are exploring the possibility of manufacturing commercial electric vehicles in Mexico, said an official from the Mexican Transport Institute (IMT), a branch of the Secretariat of Communications and Transport, which is the federal body in charge of, amo...
Nuevo Leon-based Deacero mulls plant closure in Missouri due to tariffs
Nuevo Leon-based Deacero, a company dedicated to the manufacture of steel products, is considering the closure of a plant in Missouri, which employs 600 workers, due to the imposition of a 25% tariff on imports of Mexican steel. Raul Gutierrez Muguerza, CEO of Deacero, told El Economista that the t...

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